Headquarters
Nairobi, Kenya
info@kenfasp2p.com
Nairobi, Kenya
info@kenfasp2p.com
Everybody loves a cheaper loan. But have you ever wondered what determines the rate of interest on personal loans? There are no fixed interest rates for unsecured loans. The rates differ according to the borrower’s ability to repay and his credit profile. Risk profiling is the most important aspect of peer-to-peer (P2P) lending. A borrower […]
The Central Bank of Kenya (CBK) has licensed 27 extra Digital Credit Providers (DCPs) as of October 2024. This move increases the total number of licensed DCPs to 85. Since the CBK began regulating the sector in 2022, it has received over 730 applications, with many still under review due to pending documentation from applicants. […]
Kenfasp2p spoke to James Ginn– head of strategic partnerships development at MarketFinance – to explore trends in the LendTech sector and how the industry is helping SME loans in Kenya. According to Ginn, 2025 will be the year of embedded finance, claiming ‘every company is going to be a FinTech company, and this will be […]
Women borrowers are financially more disciplined than their male counterparts and have been able to take loans even during the pandemic, TransUnion CIBIL said in a report. The 90-days-past-due consumer-level delinquency rate – a measure of loan repayment delays – for women borrowers stood at 5.2 percent across retail credit products compared with 6.9 percent […]
Kenyan youth, who mostly fall under the millennial generation have the biggest share and are dominating credit dynamics within the fintech sector. Statistics from TransUnion Kenya show that most Millennials have access to digital tools. Up to 80 percent of the fintech business is driven by the Millennials and Generation X, according to the report. […]
The government has imposed a new tax on non-withdrawable deposits in savings and credit co-operative societies (Saccos), exerting a squeeze on savers as it seeks to boost revenues to fund the sector regulator’s operations. Non-withdrawable deposits mean that the share capital paid by a member cannot be reduced or removed. A schedule by […]